Help Me Foundation
Help Me Foundation faces severe financial distress with revenue consistently failing to cover expenses.
EIN: 10513860 · Deer Isle, ME · NTEE: B82 · Updated: 2026-03-28
Is Help Me Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Help Me Foundation directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Help Me Foundation
Help Me Foundation (EIN: 10513860) is a nonprofit organization based in Deer Isle, ME, classified under NTEE code B82. The organization reported total revenue of $116 and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Help Me Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Help Me Foundation is a micro nonprofit that has been operating for 14 years, with 8 years of IRS 990 filings on record (2008–2015). Revenue has grown at a compound annual rate of -64.4%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $278 |
| Total Expenses | $14K |
| Surplus / Deficit | $-14,001 |
| Total Assets | $262K |
| Total Liabilities | $14K |
| Net Assets | $248K |
| Operating Margin | -5036.3% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 220.0 months |
Financial Health Grade: B
In 2015, Help Me Foundation reported a deficit of $14K with expenses exceeding revenue, holds 220.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 8 years of filings (2008–2015), Help Me Foundation's revenue has declined at a compound annual growth rate (CAGR) of -64.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -29.3% | -12.0% | -5.4% |
| 2014 | +17.3% | -53.5% | -11.7% |
| 2013 | -62.4% | +68.3% | -5.7% |
| 2012 | -43.0% | +13.9% | -10.3% |
| 2011 | -40.8% | -2.1% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Help Me Foundation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 40%
- programs: 50%
- fundraising: 10%
According to IRS 990 filings, Help Me Foundation allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating a volunteer-led organization or one with no paid officers, which is commendable for cost control given its financial struggles.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Help Me Foundation's IRS 990 filings:
- Consistent and severe revenue shortfall compared to expenses (e.g., $278 revenue vs. $14,279 expenses in 201512).
- Significant and continuous decline in total assets over time (from $381,449 in 200812 to $219,058 currently).
- Lack of financial sustainability, operating at a substantial deficit for multiple years.
- Extremely low current revenue ($116) relative to historical expenses and asset base.
Strengths
The following positive indicators were identified for Help Me Foundation:
- Consistent filing of IRS 990 forms, indicating a commitment to transparency.
- No reported officer compensation across all filings, suggesting a volunteer-driven leadership and efficient use of limited funds for executive costs.
Frequently Asked Questions about Help Me Foundation
Is Help Me Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Help Me Foundation (EIN: 10513860) significant concerns. Mission Score: 20/100. 4 red flags identified, 2 strengths noted.
How does Help Me Foundation spend its money?
Help Me Foundation directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Help Me Foundation tax-deductible?
Help Me Foundation is registered as a tax-exempt nonprofit (EIN: 10513860). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Help Me Foundation financially sustainable?
No, the organization is not financially sustainable. Its revenue has consistently been hundreds of dollars while expenses have been tens of thousands, leading to a continuous depletion of assets.
What is the primary source of funding for Help Me Foundation?
The provided data does not specify the primary source of funding, but the extremely low revenue figures suggest a lack of significant donor support or other income streams.
How has Help Me Foundation's asset base changed over time?
The organization's assets have significantly declined from $381,449 in 200812 to $219,058 currently, indicating a steady draw on reserves to cover operational deficits.
What is the organization's plan to address its revenue shortfall?
The provided IRS 990 data does not offer insight into the organization's strategic plans to address its severe and ongoing revenue shortfall.
Filing History
IRS 990 filing history for Help Me Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2008–2015), Help Me Foundation's revenue has declined by 99.9%, moving from $381K to $278. Total assets decreased by 31.4% over the same period, from $381K to $262K. Total functional expenses rose by 508.9%, from $2K to $14K. In its most recent filing year (2015), Help Me Foundation reported a deficit of $14K, with expenses exceeding revenue. The organization holds $14K in liabilities against $262K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $248K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $278 | $14K | $262K | $14K | — | View 990 |
| 2014 | $393 | $16K | $277K | $15K | — | View 990 |
| 2013 | $335 | $35K | $313K | $35K | — | View 990 |
| 2012 | $890 | $21K | $332K | $20K | — | View 990 |
| 2011 | $2K | $18K | $370K | $38K | — | View 990 |
| 2010 | $3K | $19K | $369K | $20K | — | View 990 |
| 2009 | $5K | $19K | $386K | $21K | — | View 990 |
| 2008 | $381K | $2K | $381K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $278, expenses of $14K, and assets of $262K (revenue -29.3% year-over-year).
- 2014: Revenue of $393, expenses of $16K, and assets of $277K (revenue +17.3% year-over-year).
- 2013: Revenue of $335, expenses of $35K, and assets of $313K (revenue -62.4% year-over-year).
- 2012: Revenue of $890, expenses of $21K, and assets of $332K (revenue -43.0% year-over-year).
- 2011: Revenue of $2K, expenses of $18K, and assets of $370K (revenue -40.8% year-over-year).
- 2010: Revenue of $3K, expenses of $19K, and assets of $369K (revenue -44.5% year-over-year).
- 2009: Revenue of $5K, expenses of $19K, and assets of $386K (revenue -98.8% year-over-year).
- 2008: Revenue of $381K, expenses of $2K, and assets of $381K.
Data Sources and Methodology
This transparency report for Help Me Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.